interesting the comment on media investments... perhaps investors have really short memories about the recent capital raisings... oh well someone needs to get burnt on the next capital raising I suppose...

Commenter

Seriously...

Date and time

January 21, 2013, 8:17AM

Story doing the rounds that Rio to announce a share buyback. Any truth? No reflected in current price.

Commenter

Seb Gonzo

Location

New Farm

Date and time

January 21, 2013, 8:00AM

Yes some truth about a share buyback, but word is it will be in 2014, possibly even in 2015.

Mornin' Snidery...interesting start to the days play. 4789 is and was my tip before the bell...not looking so flash at the minute but we will have to wait and see! Have a great day!

Commenter

Fletch the Diplomat

Date and time

January 21, 2013, 8:07AM

Copied and pasted from last Friday's blog (which you can access if you go to Markets link, then type in Markets Live in the search field) - Last Friday's thread is second in line after today's.

"Can I join the comp at 4780 please" - Fletch the Diplodocus

If you can point me in the direction of the 4789 figure, much obliged and I'll change your prediction, yet I did a Ctrl+F and keyed in 4789, to no avail. It's not me eyesight that is a problem, it's me brain.

Tips close at 10:00am on Friday - you can change twice - because I doubt very much the ASX will be similar to today's figure.

I'll put you down for 4789 for this week until I hear otherwise.

Regards

Commenter

Snidery Mark

Date and time

January 21, 2013, 10:53AM

ASX200 4860 on 15/10/2009 now 4770 What a JOKE!!!

Commenter

Jonaze

Location

Sydney

Date and time

January 21, 2013, 7:04AM

YAWN!

Commenter

tpcam

Date and time

January 21, 2013, 8:17AM

Fair Dinkum Jonaze. I think you need to start your day with a bucket of Prozac. If you are not happy with the incredible rally the market has had over the past six months, you are really hard to please!

Commenter

geoff

Location

burraneer

Date and time

January 21, 2013, 8:41AM

Republican house majority leader Eric Cantor's decision not to play Russian roulette over the debt ceiling should result in a big rally over the coming weeks that frankly I didn't expect...

There may still be a reckoning at the end of March as Cantor is now demanding a buget not just another continuing resolution (given how far apart the two sides are on buget priorities this will be challenging) however the can has been firmly kicked down the road for a short while and most of the blue chips should rally strongly in response.